About 200 land plots are exposed to the auction by the municipalities of the country, which is scheduled for December 21 this year - the last bid of 2012. Conducted from April 2009, land sales are largely a formality, as many plots are given in this way to the ownership of their existing users.
Only 22 of the 198 plots of land are offered to investors through auction. The remaining land is offered for sale by tender, when candidates propose amounts in sealed envelopes. In the Absheron branch of the land department they told Turan the municipalities in the area actually deal with the documentation of land granted to legal entities and individuals before 1999 (before local government was established in Azerbaijan). On December 21, 67 plots will be traded.
Not all the land is available as property. Some urban and rural municipalities offer to rent small plots (up to 100 sq. m.) and large ones (up to 68 hectares). The total is 26.
The main part of the land is intended for the construction of private housing (88), and construction of business (84). The remaining lands are under agricultural use. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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